Huntley TIF is getting vetted
HUNTLEY – The village’s proposed downtown tax increment financing district has drawn cautious support from other taxing bodies that will have to wait before gaining access to added property tax dollars generated by development of the area.
Taxing groups, such as the library and District 158, already have met with village officials about the motivation to spur redevelopment in downtown Huntley by creating a special TIF. Village officials have said that Huntley’s taxing bodies generally support the idea.
In an interview, Library Director Patrick McDonald did not fully endorse the idea, arguing the library will miss out on $16,000 a year if the special district is in effect. The added money would be useful for a library that saw patrons check out 23.1 percent more items than they did last year, McDonald said.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at email@example.com